Evolution of E-Commerce in Business: A Review

Salmin Mostafa, Philip Palmer, Quinn Nguyen

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter explores the dynamic world of e-commerce, an essential component of the e-business landscape, highlighting its models, evolution, advantages, disadvantages, and future developments. E-commerce, defined as the electronic exchange of goods and services, has transformed global business operations by enabling direct and efficient transactions across models such as Business-to-Consumer (B2C) and Business-to-Business (B2B), each with unique benefits and challenges. Driven by technological advancements and widespread internet adoption, e-commerce's evolution, particularly during the COVID-19 pandemic, has expanded its scope. The chapter delves into Industry 4.0 technologies like Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and blockchain, enhancing logistics, delivery, and customer experience, projecting a more personalised, efficient, and secure future.
Original languageEnglish
Title of host publicationThe Palgrave Handbook of Breakthrough Technologies in Contemporary Organisations
EditorsMahmoud Moussa, Adela McMurray
Place of PublicationSingapore
PublisherPalgrave Macmillan Singapore
Chapter27
Pages 341–355
Number of pages15
Edition1
ISBN (Electronic)978-981-96-2516-1
ISBN (Print)978-981-96-2515-4
DOIs
Publication statusPublished - 2025

Keywords

  • Artificial Intelligence
  • E-commerce
  • Industry 4.0

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